Singapore Ministry of Law’s New Conditional Fee Agreement Framework
May 4, 2022 Commercial, Premium
Today (May 4, 2022) marks a historic day in Singapore. Attorneys in Singapore can now enter into conditional fee agreements (CFA) under Singapore’s new CFA framework. The new CFA provisions are an addition to traditional fee agreements under Singapore’s Legal Profession Act. The new CFA framework in Singapore includes CFAs counter-party contracts such as “win, more fee”, “no win, no fee”, and “no win, less fee.”
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